Personal Responsibility in Cooperative Investing

HandShake-450pix

Podcast Episode 86:
Joint Venture Blues.”

Partnering up can be a good way to buy more property, but you still have to be careful. As with everything in real estate, due diligence is essential in joint ventures. In this Tale, you’ll hear about the all-too-common mistake of not getting an inspection. You’ll also hear about how not vetting the finder/manager properly cost an investor big time.

Download the audio file HERE.
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Buying and/or selling Alberta real estate? Contact Barry now!

“3D Realty Handshake” image courtesy of Scott Maxwell. Used under Creative Commons Attribution-Sharealike 2.0.

Getting Payments through a Trustee

mortgagemoney

Podcast Episode 85:
Hurry Up and Wait.”

When dealing with trustees or lenders, there are many things that can delay a transaction. The type of payment can trigger a processing hold, the shipping method can be slow or unreliable, and sometimes clerks just overlook things. If you need a certain result, in a specific amount of time, then you need to lock down every stage of the process! In this Tale, you’ll hear just how many things can go wrong with getting a lump sum payment on an RRSP mortgage. Our client was trying to receive payout money from the borrower, but almost everything that could go wrong did go wrong…

Download the audio file HERE.
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Buying and/or selling Alberta real estate? Contact Barry now!

“Reverse Mortgage” image from https://www.aag.com/ is used under CC Attribution-ShareAlike 2.0

Copies of Land Title or Deed.

Focus on Real Estate: Quick Tips.

A land title or deed contains a lot of valuable information. In this video, you’ll learn the basics of how to get a copy of this important document. If you need a real estate lawyer in Alberta, get in touch with Barry at RMLO Law LLP.

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos that provides bite-sized pieces of investment wisdom.

Buying and/or selling real estate in Alberta? Barry can help. Contact him now!

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

Is Tax Planning Worth It?

tax

Donald Trump Is Right (About Tax).

Now, generally I disagree with almost all of The Donald’s actions. But not on tax. If you are interested in legal ways of saving big money on tax when selling property, a business, or other large investments in Alberta, get in touch with me now at RMLO Law LLP.

Donald Trump’s advisers have called him a “genius” after reports that his $900 million loss in 1995 helped him avoid paying federal tax for the next 18 years.

“This is a perfectly legal application of the tax code and he would have been fool not to take advantage of it,” said former New York mayor Rudy Giuliani, one of Trump’s advisers.

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What Does the Alberta Land Titles Office Do?

Focus on Real Estate: Quick Tips.

The way properties are registered with the government varies by jurisdiction, and the Province of Alberta has its own particular approach. In this video, find out what the torrens system is and why you can count on the Alberta Land Titles Office. If you need a real estate lawyer in Alberta, get in touch with Barry at RMLO Law LLP.

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos that provides bite-sized pieces of investment wisdom.

Buying and/or selling real estate in Alberta? Barry can help. Contact him now!

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

What Are Certified Funds?

Focus on Real Estate: Quick Tips.

When a lawyer asks you for certified funds in a real estate transaction, s/he is referring to a specific type of payment. In this video, Barry explains what certified funds are and when they get used. If you need a real estate lawyer in Alberta, get in touch with Barry at RMLO Law LLP.

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos that provides bite-sized pieces of investment wisdom.

Buying and/or selling real estate in Alberta? Barry can help. Contact him now!

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

What Is Cash to Close?

Focus on Real Estate: Quick Tips.

Closing a real estate deal obviously requires payment, but what is cash to close? Previous videos in this mini-series covered deposits and down payments. In this video, you’ll get advice about the final payment in a real estate purchase transaction. If you need a real estate lawyer in Alberta, get in touch with Barry at RMLO Law LLP.

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos that provides bite-sized pieces of investment wisdom.

Buying and/or selling real estate in Alberta? Barry can help. Contact him now!

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

What Is a Down Payment?

Focus on Real Estate: Quick Tips.

Most real estate purchases involve a down payment. In this video, you’ll find out how a down payment could get broken up into separate chunks, as well as how it relates to a mortgage. Watch the previous video on deposits to get more information on the whole process. If you need a real estate lawyer in Alberta, get in touch with Barry at RMLO Law LLP.

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos that provides bite-sized pieces of investment wisdom.

Buying and/or selling real estate in Alberta? Barry can help. Contact him now!

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

Advantages of Investing in Property

real estate rapid cash

Podcast Episode 84:
Why the Ultra-Rich Like Real Estate.”

Investing has its ups and downs. Real estate has some definite advantages in smoothing out the bumps. Ultra-rich people usually have some properties in their investment portfolios in order balance out the volatilities of stocks. Even if you’re not wealthy (yet!), the same advantages sought by the ultra-rich also apply to any investor.

Download the audio file HERE and the text/handout HERE.
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Lead Pipes in Older Homes

leadpipes

Podcast Episode 83:
Lead Isn’t Dead.”

Lead pipes are a very real risk with older houses; it’s a toxic metal and can make the water unsafe to drink. In this Tale, my client was given notice by her water utility provider that her rental property might have lead pipes. She took lengths to protect her tenants, as well as make sure her insurance would cover her in case of any issues. When dealing with older homes, it is essential to do diligence on the possibility of lead pipes and how to address it.

Download the audio file HERE and the text/handout HERE.
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